Alert: Major Price Advance (12/11/23)-Eltek Ltd (NASDAQ: ELTK).


On 12/11/23, Eltek Ltd (NASDAQ: ELTK) stock enjoyed a major increase of 19.4%, closing at $14.86. Moreover, this advance was accompanied by exceptionally high trading volume at 597% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 14.7% during the last week.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, ELTK is expected to continue to be a Value Builder.

Eltek has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Eltek has a poor Appreciation Score of 17 but a very high Power Rating of 99, leading to the High Neutral Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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